The Asset Purchase Agreement Short Form Practical Law in Hillsborough is a foundational legal document designed to facilitate the sale of assets between a seller and buyer. This agreement outlines key components such as the assets being sold, liabilities assumed, purchase price, and payment terms. Users are instructed to modify the document to fit their specific circumstances, including filling in names, dates, and financial details. It includes sections on the exclusion of certain assets, liabilities, representations, covenants, and closing obligations, ensuring that both parties understand their responsibilities and rights. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear structure to navigate the complexities of asset transactions. The use of plain language, coupled with explicit instructions, allows users with varying degrees of legal expertise to effectively utilize and edit the agreement for their needs.